the writting on the wall.

I tipped that VDG would go bankrupt about 12 mths ago. How can a company have such an ongoing loss/debt problem year after year. The $100m or so loss was the writting on the wall. If anyone has read the 5c issue it clearly states the bank has the sole claim on the raising of moneys and also has placed a number of conditions on the company relating to sale of assets. Also in one section it states that in the event of not being able to raise the min $32m there is a contingency to look at insolvency. As I said 12 months ago I have realised that this will be tax loss for me soon and hope that the 5c does not go through so that at least a .15c sale of the compnay will give me money now to move on. I have been in the market for a long time ang have never seem a more poorly run company. Management should hang their heads in shame.....